As the first week of September concluded, the Solana (SOL) price settled at $124, raising concerns for investors as the fifth largest cryptocurrency risks breaching the critical $100 threshold. According to market analyst Ali Martinez, recent technical analysis indicates that a sustained close below the channel’s lower boundary at $126 could trigger a significant price correction for Solana, potentially dropping to $110 or even $90. Solana Price Challenges In a social media update, Martinez elaborated on the current market conditions, noting that the TD Sequential indicator had previously presented a buy signal on the daily chart. This suggested a possible rebound for Solana from the lower boundary of its trading channel towards higher levels at $154 and $187. However, the broader market’s ongoing selloff has invalidated this bullish signal, causing Solana to suffer losses of approximately 20% over the past two weeks and 13% in the last month. Related Reading: Shiba Inu Recovery To $0.000081 ATH Levels Still In Play Despite these challenges, there remains a glimmer of hope for Solana’s recovery. Martinez pointed out a historical pattern indicating that Solana typically experien ..
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